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Texas Daily Ag Market News Summary

Posted 177 days ago ago by Administrator Account

Daily Market Summary for April 23rd

The Daily Market News Report bought to you by The Cattle Range. Please visit their website for more information!



Slaughter Cattle:

As of 3:00 PM Friday, negotiated cash trading has been mostly inactive on very light demand in the 5 Area Feeding Regions. Not enough trades for a market trend. Wednesday was the last fully reported market in the Southern Plains. In the Texas Panhandle live purchases traded at 120.00 and Kansas live purchases traded from 118.00-120.00. Thursday was the last fully reported market in the Northern Plains and Western Cornbelt. In Nebraska and Colorado live purchases traded at 121.00 and, in Nebraska, dressed purchases traded 192.00. In the Western Cornbelt live purchases traded from 120.00-122.00 and dressed purchases traded at 192.00.

  

Negotiated Sales:

Confirmed:           1,402

Week Ago:          10,967

Year Ago:             7,519

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:   19,900

Weighted avg. weight:        865 lbs.

Weighted avg. net price:     195.14

       

        

Cattle Slaughter under Federal Inspection:

Friday (est)                           113,000

Week ago (est)                    113,000

Year ago (act)                        85,000

Week to Date                      591,000

Same Period Last Week     570,000

Same Period Last Year       425,000

Previous Day (est)

Steers & Heifers:  93,000

Cows & Bulls:        25,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 283.77… +1.46

Select:  272.13… -1.56

Choice/Select Spread: 11.64

Total Load Count: 124

            

Cutter Cow Cutout:

196.89… +1.19

   

CME Feeder Cattle Index for April 22nd:

136.36… -1.17

            

Futures Settlements…

Live Cattle:

April: 117.85… -0.47

June: 115.72… -0.13

August: 116.85… +0.13

   

Feeder Cattle:

April: 133.85… +1.60

May: 137.67… +0.65

August: 149.90… +1.53

     

May Hogs: 109.35… +1.90

June Crude Oil: 62.14… +0.71

   

May Corn: 6.5550… +0.0500

May Wheat: 7.1025… Unchanged

   

Grain Cash Bids:

Kansas City Corn: 6.53… +0.05

Kansas City Wheat: 6.43… +0.05

   

Financial Markets:

DJIA: 34,043.82… +228.91

S & P 500: 4,180.20… +45.25

NASDAQ: 14,016.81… +199.25

U.S. Dollar Index: 90.82… -0.51